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Apache completes midcontinent asset sales

2 days ago DieselGasoil Comments Off on Apache completes midcontinent asset sales
7/19/2019 HOUSTON – Apache announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. In May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net proceeds, subject to customary closing adjustments. A portion of the Read More

Analysis: DME Oman benchmark move backfires as open interest stalls

3 days ago DieselGasoil Comments Off on Analysis: DME Oman benchmark move backfires as open interest stalls
Highlights Questions about underlying appeal of DME Oman as a benchmark Open interest on DME Oman forward curve has flat-lined Scratch trades underpinning DME Oman volumes, say traders London — Almost a year since Saudi Arabia picked Dubai Mercantile Exchange’s Oman benchmark to help set official selling prices for crude in Asia, open interest in Read More

Range announces Appalachian asset sales of $634 million

3 days ago DieselGasoil Comments Off on Range announces Appalachian asset sales of $634 million
7/19/2019 FORT WORTH – Range Resources has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply to existing and future Marcellus, Utica and Upper Devonian development on Read More

Range Announces Asset Sales That Will Total $634 Million

3 days ago DieselGasoil Comments Off on Range Announces Asset Sales That Will Total $634 Million
FORT WORTH, Texas, July 19, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC)today announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply Read More

Oil surplus blunting price impact of sanctions, tanker attacks: US State Department’s Iran envoy

3 days ago DieselGasoil Comments Off on Oil surplus blunting price impact of sanctions, tanker attacks: US State Department’s Iran envoy
Washington — A global oil surplus has prevented a price spike from both the full reimposition of US sanctions on Iranian oil exports and from Iranian attacks on oil tankers in the Strait of Hormuz, Brian Hook, the US State Department’s special representative for Iran, said in an interview Thursday with S&P Global Platts. Not Read More

Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time

3 days ago DieselGasoil Comments Off on Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time
HOUSTON, July 18, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, NASDAQ: APA) today announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. Asset salesIn May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net Read More

Petroteq Announces Effectiveness of Form 10 Registration Statement

3 days ago DieselGasoil Comments Off on Petroteq Announces Effectiveness of Form 10 Registration Statement
Sherman Oaks, CA, July 18, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE —Petroteq Energy Inc.(“Petroteq” or the “Company”) (TSXV:PQE;OTC:PQEFF;FSE: PQCF), a fully integrated oil and gas company,announced today that its Form 10 Registration Statement as filed with the U.S. Securities and Exchange Commission(the “SEC”) became effective on July 12, 2019.  Following the effective date, the Company will be Read More

Verizon resurrects media business as safe haven on the internet

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New York (Reuters) – Banning pornography from Tumblr was not necessarily meant to define Verizon Media’s strategy to turn around a collection of Internet has-beens. But that is how it has played out. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid After Read More

Targa Resources Corp. Announces Quarterly Dividends

4 days ago DieselGasoil Comments Off on Targa Resources Corp. Announces Quarterly Dividends
HOUSTON, July 17, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (“TRC”, “Targa” or the “Company”) (NYSE: TRGP) announced its quarterly dividend on common shares and its quarterly dividend on Series A preferred shares with respect to the second quarter of 2019. TRC announced today that its board of directors has declared a quarterly cash dividend Read More

EU launches antitrust probe into Amazon’s use of merchant data

5 days ago DieselGasoil Comments Off on EU launches antitrust probe into Amazon’s use of merchant data
The world’s largest online retailer Amazon is facing a “full-blown” investigation from the European Union’s antitrust regulators to see if its use of other merchants’ data breaches competition rules. Competition Commissioner Margrethe Vestager on Wednesday announced the opening of a formal investigation into the company. It aims to determine how Amazon is hosting independent merchants Read More